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Thread: BabyPips íSo Easy Itís Ridiculousí System

  1. #1
    Junior Member
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    Nov 2009
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    Default BabyPips íSo Easy Itís Ridiculousí System

    Hi funyoo. Could you please develop an EA based on these info from BabyPips (www.babypips.com):
    - EURUSD, H1 (or any other currency pair or time frame)
    - 5 EMA applied to the close
    - 10 EMA applied to the close
    - Stochastic (10,3,3)
    - RSI (14)

    - Stop Loss = 15 pips (for H1) // you don't necessarily have to include this one but if you insist that's fine

    - Entry Rules

    1. Enter long if:
    * The 5 EMA crosses above the 10 EMA and both stochastic lines are heading up (do not enter if the stochastic lines are already in the overbought territory)
    * RSI is greater than 50
    2. Enter short if:
    * The 5 EMA crosses below the 10 EMA and both stochastic lines are heading down AND (do not enter if the stochastic lines are already in oversold territory)
    * RSI is less than 50

    # Exit Rules

    * Exit when the 5 EMA crosses the 10 EMA in the opposite direction of your trade OR if RSI crosses back to 50

    ------------------

    I know it's quite easy to use them as indicators but I don't want to have my eyes glued to the monitor all day for just one system. Once this is done, we'll see which will be more profitable, fractals or this one. Thanks funyoo.

  2. #2
    Administrator funyoo's Avatar
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    Quote Originally Posted by funman View Post
    Hi funyoo. Could you please develop an EA based on these info from BabyPips (www.babypips.com):
    - EURUSD, H1 (or any other currency pair or time frame)
    - 5 EMA applied to the close
    - 10 EMA applied to the close
    - Stochastic (10,3,3)
    - RSI (14)

    - Stop Loss = 15 pips (for H1) // you don't necessarily have to include this one but if you insist that's fine

    - Entry Rules

    1. Enter long if:
    * The 5 EMA crosses above the 10 EMA and both stochastic lines are heading up (do not enter if the stochastic lines are already in the overbought territory)
    * RSI is greater than 50
    2. Enter short if:
    * The 5 EMA crosses below the 10 EMA and both stochastic lines are heading down AND (do not enter if the stochastic lines are already in oversold territory)
    * RSI is less than 50

    # Exit Rules

    * Exit when the 5 EMA crosses the 10 EMA in the opposite direction of your trade OR if RSI crosses back to 50

    ------------------

    I know it's quite easy to use them as indicators but I don't want to have my eyes glued to the monitor all day for just one system. Once this is done, we'll see which will be more profitable, fractals or this one. Thanks funyoo.
    Hi funman,

    Here is So Easy System EA.
    Attached Files Attached Files

  3. #3

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    Isnīt that the "Cowabunga system"?

    Bad results on eurusd h1. Could help a time filter?
    Last edited by civfan; 01-09-2010 at 11:49.

  4. #4
    Administrator funyoo's Avatar
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    Default

    Quote Originally Posted by civfan View Post
    Isnīt that the "Cowabunga system"?

    Bad results on eurusd h1. Could help a time filter?
    Hi civfan,

    Time filter available.
    Attached Files Attached Files

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